Post
Topic
Board Economics
Re: Bitcoin as a Medium of Exchange
by
btcbonanza
on 16/12/2017, 17:09:49 UTC
Many true Bitcoin enthusiasts actually prefer to use Bitcoin as a medium of exchange. They aren’t interested in investment or speculation or trying to sell at a profit.
Instead, they see Bitcoin as a way to engage in free association of trade without the need for governments to regulate the exchange. With Bitcoin, it’s possible to pay for goods and services instantly by transferring the digital money straight from your wallet to someone else’s digital wallet.

Indeed. Bitcoin is used as a medium of exchange.Noway most of the bitcoin users are used to get a profit basis only.
But in my knowledge some countries are only accepting those things like buy or selling goods used by bitcoin.


Countries? Which country sells goods for bitcoin? None in my knowledge.
No doubt bitcoin is being used as medium of exchange by some businesses but their number is limited to very low. Moreover, due to high fees and transaction delay, businesses are now deleting bitcoin from their payment option. One such setback was Feverr this year.